technical analysis is enough to be successful in trading ???? - page 5.

fullhdpixel

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Quote from: RDNX on June 10, 2019, 11:58:40 PM

Quote from: emberbekas on April 14, 2019, 11:49:45 PM

Quote from: vicoma on April 14, 2019, 12:10:20 PM

Technical analysis is not enough for successful trading. It has to be a combination of fundamental, the crowd and community as you have rightly pointed out.

Whether we realized or not, fundamental things will usually contribute to the traders decision. And yes, technical analysis will be good if we combine it with fundamental analysis because to my knowledge, fundamentals will usually cause fluctuations with a good range.

Yes, this is so true. I see that crypto price usually changes because of the news.
So, it's important for us to always pay attention to daily crypto news.

When it comes to fundamental analysis, I do not joke with it at all and I pay all strict attention to it. It is not everyone that knows how to use Technical analysis strategies, we have some that has never even applied it and they are still doing fine in the market. To me, I don’t see TA function properly without FA, despite that TA functions like arterial intelligence, it still needs fundamental analysis to supply it the information need which it will process and interpret inform of chart for those that knows how to interpret it, and which could be quite too technical for lots of people, while FA is really a simplified strategy.

CryptoLing

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Well for me is not enough you also need fundamental analysis to the coin before buying it, but some people just use technical analysis for their trading strategy. It depends on your own style

Lanatsa

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Quote from: Tungsten-1 on June 12, 2019, 02:58:10 PM

Quote from: sana54210 on June 12, 2019, 06:46:51 AM

Quote from: EdenHazard on June 09, 2019, 10:47:11 PM

Quote from: ajqjjj on June 09, 2019, 08:55:32 PM

Quote from: danipay on June 09, 2019, 08:46:34 PM

There are lots of references on the internet that say that the key to success in trading crypto currencies is a strategy and a little luck. Most newcomers try to avoid losses by looking for accurate strategies, then try to use them to achieve their goals. However, the more they insist on implementing it, the more confused they are to claim various accurate strategies both free and paid.

Trading is little hard to predict because it was following the gambling. So those are having experience they pick right format and right way. I think current market we can choose easily because most of the peoples are earning on crypto trading. At the same it was little dump and pump so accurate strategies are never workout.

I don't like it when someone equates trading with gambling, because it's really different. The lucky factor is far trading even that doesn't exist, it all depends on a person's understanding of predicting or depending on the experience he often does when he sees a candle pattern. I believe there have been many people/traders who have understood which candles are based on an information, technical analyst or a pattern caused by manipulation. So when they find a candle pattern such these things they will use a strategy based on that price movement.

LOL, you can equate trading to gambling for those who does not follow the real rule of trading. We have so many people that wants to trade, and instead of them learning trading and getting to the advance stage where they will develop skills and strategy with lots of practices, they just enter life trade and start using emotion, intuition and assumption to place order, and that is more of a gambling like activities.

A real investors would first apply the necessary and strategy before placing a trade order and will also apply same trade strategy in selling the order. Most newbies only wants to trade without learning, and if they start trading, they will surely gamble with figures.

I think there are striking similarities between the two but you cannot mix both trading and gambling. In trading, you can eliminate the factor of uncertainty if you are good with the skills that are needed to trade your coins. However in gambling, there is still the factor of probability and uncertainty even if you have what it takes to win a game.

They can be comparable but only into some circumstances only and we all know that gambling and investments/trading is entirely different
when it comes to risk factor.People do react differently on what they are facing but there are cases in trading which you do really need to gamble up or simply
you don't have any idea on what would be the possible movement of price.

Tungsten-1

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Quote from: sana54210 on June 12, 2019, 06:46:51 AM

Quote from: EdenHazard on June 09, 2019, 10:47:11 PM

Quote from: ajqjjj on June 09, 2019, 08:55:32 PM

Quote from: danipay on June 09, 2019, 08:46:34 PM

There are lots of references on the internet that say that the key to success in trading crypto currencies is a strategy and a little luck. Most newcomers try to avoid losses by looking for accurate strategies, then try to use them to achieve their goals. However, the more they insist on implementing it, the more confused they are to claim various accurate strategies both free and paid.

Trading is little hard to predict because it was following the gambling. So those are having experience they pick right format and right way. I think current market we can choose easily because most of the peoples are earning on crypto trading. At the same it was little dump and pump so accurate strategies are never workout.

I don't like it when someone equates trading with gambling, because it's really different. The lucky factor is far trading even that doesn't exist, it all depends on a person's understanding of predicting or depending on the experience he often does when he sees a candle pattern. I believe there have been many people/traders who have understood which candles are based on an information, technical analyst or a pattern caused by manipulation. So when they find a candle pattern such these things they will use a strategy based on that price movement.

LOL, you can equate trading to gambling for those who does not follow the real rule of trading. We have so many people that wants to trade, and instead of them learning trading and getting to the advance stage where they will develop skills and strategy with lots of practices, they just enter life trade and start using emotion, intuition and assumption to place order, and that is more of a gambling like activities.

A real investors would first apply the necessary and strategy before placing a trade order and will also apply same trade strategy in selling the order. Most newbies only wants to trade without learning, and if they start trading, they will surely gamble with figures.

I think there are striking similarities between the two but you cannot mix both trading and gambling. In trading, you can eliminate the factor of uncertainty if you are good with the skills that are needed to trade your coins. However in gambling, there is still the factor of probability and uncertainty even if you have what it takes to win a game.

Xampeuu

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Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: dmty.0809 on June 12, 2019, 09:15:30 AM

To become a successful trader there is much to know
1. Absorb Knowledge from Various Sources
2. Preparing to Work Hard to Conduct Research
3. Challenge surrender
4. Compare Yourself with Others
5. Avoid Two Main Mistakes of Beginner Traders
This is my opinion and many people.

I will only add psychological trading. Strong psychology is needed to support the planned analysis. and this is the most difficult thing to learn in my opinion. we must know ourselves and trust personal analysis

dmty.0809

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To become a successful trader there is much to know
1. Absorb Knowledge from Various Sources
2. Preparing to Work Hard to Conduct Research
3. Challenge surrender
4. Compare Yourself with Others
5. Avoid Two Main Mistakes of Beginner Traders
This is my opinion and many people.

LimLims

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1xbit.com

Quote from: Cryptomist12 on April 10, 2019, 12:18:56 AM

I am trading from many years using technical analysis but technical analysis only is not enough , I am lacking something in my analysis and not having confidence in taking trades only based on technical analysis, I did ask many traders they say lot of factors like psychology, crowd behaviour , market sentiments , any experienced traders here know some other factors please mention , and if of you know books where I can learn those please mention book name thanks

I am not a Pro Trader,
But yes i can give you some basic tricks of Trading which will surely help you out.
Yes Techincal analysis is an important part, i too do believe that.
but along with that, use your brain sometimes.
Many a times traders do that, they invest in the coin which has fallen down recently.
But according to me, dont do that. Its the big mistake.
Moro ever always choose stable coins, so you dont end up making losses.

sana54210

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Quote from: EdenHazard on June 09, 2019, 10:47:11 PM

Quote from: ajqjjj on June 09, 2019, 08:55:32 PM

Quote from: danipay on June 09, 2019, 08:46:34 PM

There are lots of references on the internet that say that the key to success in trading crypto currencies is a strategy and a little luck. Most newcomers try to avoid losses by looking for accurate strategies, then try to use them to achieve their goals. However, the more they insist on implementing it, the more confused they are to claim various accurate strategies both free and paid.

Trading is little hard to predict because it was following the gambling. So those are having experience they pick right format and right way. I think current market we can choose easily because most of the peoples are earning on crypto trading. At the same it was little dump and pump so accurate strategies are never workout.

I don't like it when someone equates trading with gambling, because it's really different. The lucky factor is far trading even that doesn't exist, it all depends on a person's understanding of predicting or depending on the experience he often does when he sees a candle pattern. I believe there have been many people/traders who have understood which candles are based on an information, technical analyst or a pattern caused by manipulation. So when they find a candle pattern such these things they will use a strategy based on that price movement.

LOL, you can equate trading to gambling for those who does not follow the real rule of trading. We have so many people that wants to trade, and instead of them learning trading and getting to the advance stage where they will develop skills and strategy with lots of practices, they just enter life trade and start using emotion, intuition and assumption to place order, and that is more of a gambling like activities.

A real investors would first apply the necessary and strategy before placing a trade order and will also apply same trade strategy in selling the order. Most newbies only wants to trade without learning, and if they start trading, they will surely gamble with figures.

Fredomago

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Quote from: yvesp110 on June 11, 2019, 10:33:35 AM

Quote from: emmybd on June 10, 2019, 03:42:45 AM

Technical analysis helps, but it is not enough to be successful in trading, as there are many other factors, experience, and timing are also very important.

Yes this is right, technical analysis is not all you need to be successful at trading. You need many other factors to be aligned in the same direction. You need a bullish market as well and a low initial cost of investment. In addition, if you have some good experience, you would end up making good gains in trading. So you need to focus on all these factors.

Collecting information makes you more comfortable dealing with this activities, technical analysis is really helpful to check the pattern that you'll going to follow each time you place your entry and exit positions, there's no accurate and sure thing around this industry,you will still speculate if what will be the next market trend.

hurry_hore

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Quote from: traderethereum on April 10, 2019, 10:24:12 AM

It's hard to say, but it could be possible if you can master the technical analysis and you can hard work to understand how the technical analysis works. Maybe my suggestion is you need to learn how to analyze the market and not from the other people. You can always get information from other people but you must analyze by yourself, so you can determine what is going on with the market and if you can find a way to enter the market with a good price, then you should do. With many practicing, I am sure that you can get more information and you can add more skills to helps you to trade.

Maybe your opinion can be correct if OP is trading in very large communities like forex, stocks or even crypto in very large communities like bitcoin or ethereum. That should also be carried out when there is no big news that has strong influence on market movements, which are generally termed as fundamental areas.
Besides that, psychology aspect plays a strong role in both technical and fundamental analysis no matter how strong both analyzes are if the psychological control is not good then the results will not be good.

Practice more will help to be better, some of psychology aspect is discipline.

yvesp110

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Quote from: emmybd on June 10, 2019, 03:42:45 AM

Technical analysis helps, but it is not enough to be successful in trading, as there are many other factors, experience, and timing are also very important.

Yes this is right, technical analysis is not all you need to be successful at trading. You need many other factors to be aligned in the same direction. You need a bullish market as well and a low initial cost of investment. In addition, if you have some good experience, you would end up making good gains in trading. So you need to focus on all these factors.

BitTraderCute

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Quote from: ethereumhunter on June 11, 2019, 04:17:15 AM

As long as you can learn technical analysis from a good source and you can master the analysis, I think that will enough for you to make a profit from trading. But we will have a chance to improve our skills if we can learn many things related to trading so our chance to make a profit will bigger and besides that, we will know what we need to do related to the market situations.

analisys in crypto trading not only technical analisys, fundamental analisys needed to so we will understand the reason why we bought this coins/token in market.combining both of these analisys will make our trading result better than before.

ethereumhunter

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As long as you can learn technical analysis from a good source and you can master the analysis, I think that will enough for you to make a profit from trading. But we will have a chance to improve our skills if we can learn many things related to trading so our chance to make a profit will bigger and besides that, we will know what we need to do related to the market situations.

Hughes_Ryan

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Quote from: cryptoblue77 on April 10, 2019, 05:38:39 AM

Technical analysis is more useful in forex trading. In crypto trading only technical analysis wouldn't do, you have to gain practical experience only then you can be successful.

With my understanding in transactions, the process of technical analysis has a great meaning to the process of forming profits, minimizing risks. however, it is unlikely to bring absolute success for profit. it also assembles other factors. Sometimes is a bit of luck.

Al-e_x

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Technical analysis is indeed very important to see market movements in trading, but mastering technical analysis is not enough, because there are several market movements caused by fundamental news, and you also have to understand that

RDNX

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Quote from: emberbekas on April 14, 2019, 11:49:45 PM

Quote from: vicoma on April 14, 2019, 12:10:20 PM

Technical analysis is not enough for successful trading. It has to be a combination of fundamental, the crowd and community as you have rightly pointed out.

Whether we realized or not, fundamental things will usually contribute to the traders decision. And yes, technical analysis will be good if we combine it with fundamental analysis because to my knowledge, fundamentals will usually cause fluctuations with a good range.

Yes, this is so true. I see that crypto price usually changes because of the news.
So, it's important for us to always pay attention to daily crypto news.

RDNX

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Quote from: pushups44 on April 10, 2019, 05:36:40 AM

In my view, being successful in the cryptocurrency market requires a broad understanding of the fundamentals as well as technical analysis. Babypips.com is a great site to learn technical analysis, and there are plenty of Youtube videos covering the basics. Getting a mastery of technical analysis requires lots of study and practice with the markets.

Yeah, I learn a lot Technical Analysis from Babypips.com
I also learn some good technical analysis from Investopedia site.

GreatArkansas

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Quote from: creeps on June 09, 2019, 09:19:55 PM

Technical Analysis is useless if you have a negative attitude on trading, improve also your attitude and your decision making in trading. Yes, TA works but its not enough to become a successful trader, there must be a missing recipe if you are not feeling well in trading. Don’t think about how to be good, TA doesn’t make a good trader but if you focus to learn then you can succeed.

Negative attitude on trading? I think that is not about technical analysis nor fundamental analysis. That negative attitude is about ourselves, nothing to do about the technical and fundamental analysis.

I know a lot of people who are successful in trading because of only technical analysis, they only based on the chart. As far as I know, there are some traders in crypto which don't care about the use of crypto they are trading because they trader because on what they see on the chart and they are still making huge money.

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Quote from: timmydakolo2 on June 10, 2019, 01:15:12 PM

In my own opinion yet technical analysis is good for a successful trading because without it I don't think one can enter the market with blind eyes. Technical analysis has really helped me alot in trading. Which I will recommend newbies to get involved and understand it better before entering the market.

Ok i understand about what are you talking about but where will you put fundamental analysis? That becomes a part of the technical analysis because the market will not move without getting support on its fundamental(Long term). TA only used when someone wanna do a short term trade and we know that even FA will work for long term trade but we must remember fundamental from any platform is really important.

Finestream

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Quote from: leowonderful on June 10, 2019, 02:30:07 PM

A good understanding of TA and being good at using TA will greatly help out if you're actively trading, but as others here have said already, that's not the only thing that makes you a good trader and luck does play a part in whether or not you get profits or a loss. News can also greatly influence things in crypto, though the effect varies based on what news is being reported.

You should also have a good risk management strategy while trading. You might have 80% successful trades, but if you don't have good risk management the 20% can take you out in a short amount of time. Don't be greedy.

Right.Being greedy when trading could really make you less profitable and might even cause you big losses at the end of the day.Learned not to involve your emotions in trading.For me,having good technical analysis in trading is not enough to make you succeed,atleast you also have your own special skills and strategies in trading,and being patient too when trading could help you a lot.

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